secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001781335-26-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otis Q1 net sales +6% to $3.57B; adj EPS -3% to $0.89; modern orders +11% CC
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- GAAP EPS $0.87 (+43%); adjusted EPS $0.89 (-3%). Net sales $3.57B (+6%, organic +1%).
- Service net sales +11% (organic +5%); repair +16% (organic ~10%). Modernization orders +11% constant currency.
- New Equipment sales -1% (-5% organic); China declined >20%. Segment margin 3.3% (-240 bps).
- Operating cash flow $413M; adjusted free cash flow $272M. Share repurchases ~$400M in Q1.
- Full year guidance revised: net sales $15.1-15.3B, adj EPS $4.20-4.24, adj FCF $1.60-1.65B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133526000072/0001781335-26-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133526000072/otis-20260422.htm
  HTML page:      https://secwatch.observer/filing/0001781335-26-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer